Core Banking Solutions (CBS)

Core Banking Solutions is a buzz word in Indian banking at present, where branches of the bank are connected to a central host and the customers of connected branches can do banking at any breach with core banking facility.

Core Banking Solution - is a simple solution that maintains -

1) Account - Balance in real time

2) Transaction History

3) various parameters and rules for secured operating on these accounts and their parameters and rules.

4) Various Reports, Listings, sums on required groups for regulatory and informative purposes.

While above 4 are essentials of any CBS -

Other supporting due to new technologies and digitization and disruptions -

5) Interfaces for various internal, external systems for communication and exchange and invoking events and processes following a strict security policy.